Global X Uranium ETF (NYSEARCA:URA) Hits New 52-Week Low – Here’s Why

Shares of Global X Uranium ETF (NYSEARCA:URA) hit a new 52-week low on Monday . The stock traded as low as $19.50 and last traded at $19.86, with a volume of 822806 shares changing hands. The stock had previously closed at $20.82.

Global X Uranium ETF Stock Down 1.8 %

The firm has a 50-day moving average of $25.74 and a two-hundred day moving average of $28.46. The company has a market capitalization of $2.37 billion, a PE ratio of 17.74 and a beta of 1.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in shares of Global X Uranium ETF during the 4th quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new stake in Global X Uranium ETF in the fourth quarter valued at approximately $27,000. Private Trust Co. NA increased its position in shares of Global X Uranium ETF by 133.2% in the fourth quarter. Private Trust Co. NA now owns 1,280 shares of the company’s stock valued at $34,000 after buying an additional 731 shares in the last quarter. Allworth Financial LP lifted its position in shares of Global X Uranium ETF by 304.2% during the 4th quarter. Allworth Financial LP now owns 1,342 shares of the company’s stock valued at $36,000 after buying an additional 1,010 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its stake in Global X Uranium ETF by 88.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,485 shares of the company’s stock valued at $41,000 after acquiring an additional 697 shares during the period.

About Global X Uranium ETF

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.